Yes NAG are in the business of exploration and the non holding naysayers have been barking about the financial situation for years now. We are in the fortunate position that the NAG chairman has not only invested heavily in this company but also provided a 3 million credit card to keep the wheels turning. As he mentions in the latest quarterly
“With the continuing surge in the antimony price and the increasing market attention on undervalued antimony explorers/developers, the Nagambie share price is rising on increased demand. The Company is receiving significant share placement enquiries from interested high net worth and professional investors”.
NAG has $2.3 billion worth of gold and antimony safely in its freehold ground with every likelyhood that this amount will grow with the next assays and JORC upgrade. It comes as no surpise that investors a lining up to have a piece of NAG. Some are doing it through the front door and others are trying more nefarious means - as you can see from the down ramping brigade working overtime spreading blatant mistruths
NAG Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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